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Capital position solid with a Fully Phased CET1 ratio of 10.9% (11.3% Phased In) without considering the effects of the validation of internal models
Total net profit for the period of € 29.8 million (€ 16.1 million in 2013), conditioned by a number of extraordinary costs, especially in the last quarter, and by a cost of credit that is still high (185 bps) in accordance with the conservative loan assessment policy and in line with the Asset Quality Review
Coverage ratio of doubtful loans up to 40.7% at the end of the year (+332 bps on December 2013 and +104 bps on September)
The ECB's Asset Quality Review (AQR) was completed last October, indicating an overall gross impact of around € 480 million, which is amply covered by the provisions made during the year on the portfolios that were examined during the AQR.
The new 2015-2017 Business Plan has been approved with a Return On Tangible Equity (ROTE) of 9% in 2017